February 28, 2024

Updated Jan. 4, 2024 4:52 pm ET

Stocks are off to a bumpy start in the early days of 2024. Proponents of the January Barometer are hoping for a turnaround because they believe the market’s performance in the first month of the year sets the tone for the rest.

Major indexes have pulled back in the first three sessions after ending 2023 with a bang. The S&P 500 is down 1.7%, its worst start to a year since 2016. The Dow Jones Industrial Average has declined 0.7%, and the Nasdaq Composite has dropped 3.3%.

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